Vestrado Review – Is Investing in Vestrado Safe?
Based in Saint Vincent and the Grenadines, Vestrado is a forex broker that was established in 2020. Being an ECN/STP broker, Vestrado provides traders with direct entry into the interbank forex market without intervention from a dealing desk. Clients can trade various instruments such as pairs of currencies, commodities, and indices via the MetaTrader 4 platform. The broker also offers maximum leverage up to 1:2000, which could be highly risky for unskilled traders.
Trading Accounts and Features
Vestrado offers four types of trading accounts, including Frux STP, Frux Cent (coming soon), Fides Cashback, and Respectus ECN. The minimum deposit starts at just $10, making it accessible for beginners. The broker also claims to provide swap-free trading on all account types.
Concerns About Legitimacy
The absence of regulatory monitoring in this Vestrado review is an important warning sign. Although the company is registered in Saint Vincent and the Grenadines, it is not regulated by any reputable financial authority. Furthermore, the Securities Commission of Malaysia has warned against Vestrado, raising concerns about its trustworthiness.
Website and Customer Support
The Vestrado website (https://vestrado.com/) lacks crucial information, making it difficult for traders to assess its services. While the broker claims 24/7 customer support, only a contact page is available, with no detailed information about payment methods or educational resources.
Final Verdict
This Vestrado review highlights both the broker’s features and risks. Due to its unregulated status and limited transparency, traders should exercise caution and consider regulated alternatives for a safer trading experience.
Scams Report Reviewed Vestrado
Scams Report has reviewed Vestrado and raised concerns about its unclear regulation and questionable practices. The platform offers free consultations and fund recovery assistance for victims of forex, cryptocurrency, and other online scams. If you’ve been affected by vestrado.com or any broker, contact us for help reclaiming your funds.
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Note: The information provided in the above Vestrado review is derived from existing web vestrado.com reviews. Please be aware that we cannot be held liable for any legal action taken by Vestrado company. If you have any inquiries or concerns, kindly reach out to us via email at admin@scamsreport.net.
